Bloomberg's US Financial Conditions Index, a measure of stress in the markets, has deteriorated to -2.882, its worst level since the great financial crash of 2008/09.
The decline will put pressure on the Federal Reserve to cut rates by 50 basis points next week. The central bank delivered a 50 basis
I drum-rolled some potentially important rally targets here recently. Here's how one of them, in DIA, helped Rick' Picks subscribers get short four cents off Tuesday's top. This selloff could get legs, by the way, so be prepared for more weakness.
Safe havens rallied and gold prices scaled their highest in more than six years this morning, to trade around $1525 or 1% higher, as concerns around protests in Hong Kong and an Argentine currency crash amid fears of a global economic slowdown, spread risk aversion and prompted investors to move awa
Monday’s refreshing 767-point plunge in the Dow has put the Fed on the spot sooner rather than later. Investors, the spoiled little brats, lost no time pricing in a 100% chance of a rate cut next month, but they may be trapping themselves in a lose-lose situation. A lot could happen between now and